Commerce.com, Inc. (NASDAQ:CMRC) Receives Consensus Recommendation of "Reduce" from Analysts

Key Points

• Analysts have a consensus “Reduce” rating on Commerce.com, with three sell ratings, three holds, and one buy. The average 12-month price target is $4.17.
• Recent analyst targets range from $2.00 at Barclays, which rates the stock “underweight,” to $7.50 at Needham, which maintains a “buy” rating.
• Commerce.com shares opened at $2.24, down 3.9%, and remain near their one-year low of $1.95. Institutional investors own approximately 79.21% of the company.

Commerce.com, Inc. (NASDAQ:CMRC - Get Free Report) has been given a consensus recommendation of "Reduce" by the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $4.1667.

• BigCommerce NASDAQ: BIGC Stock Providing Big Opportunities After Earnings Plunge

Several research firms have recently commented on CMRC. Barclays decreased their target price on Commerce.com from $3.00 to $2.00 and set an "underweight" rating on the stock in a research report on Tuesday, August 11th. UBS Group restated a "neutral" rating and issued a $3.50 price target on shares of Commerce.com in a research note on Tuesday, July 21st. Wall Street Zen cut Commerce.com from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 8th. The Goldman Sachs Group set a $5.00 target price on Commerce.com in a report on Monday, August 10th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $7.50 target price on shares of Commerce.com in a research report on Thursday, April 30th.

Institutional Investors Weigh In On Commerce.com

• BigCommerce NASDAQ: BIGC Stock Breaking Out: The Next Big Thing in E-commerce?

Institutional investors have recently made changes to their positions in the stock. Pale Fire Capital SE lifted its position in shares of Commerce.com by 3.5% during the 2nd quarter. Pale Fire Capital SE now owns 3,054,890 shares of the company's stock valued at $9,042,000 after acquiring an additional 102,796 shares during the period. Bank of New York Mellon Corp bought a new stake in Commerce.com during the second quarter worth about $689,000. Williams & Novak LLC acquired a new stake in Commerce.com during the second quarter worth about $38,000. Segall Bryant & Hamill LLC acquired a new position in shares of Commerce.com in the 1st quarter valued at approximately $926,000. Finally, Royal Bank of Canada lifted its holdings in shares of Commerce.com by 17.0% during the 1st quarter. Royal Bank of Canada now owns 111,484 shares of the company's stock worth $298,000 after acquiring an additional 16,213 shares during the period. 79.21% of the stock is currently owned by institutional investors.

Commerce.com Trading Down 3.9%

Shares of Commerce.com stock opened at $2.24 on Thursday. The company has a debt-to-equity ratio of 2.95, a current ratio of 2.03 and a quick ratio of 2.03. The business has a fifty day simple moving average of $2.77 and a two-hundred day simple moving average of $2.81. Commerce.com has a 1 year low of $1.95 and a 1 year high of $5.55. The company has a market capitalization of $185.61 million, a price-to-earnings ratio of -32.00 and a beta of 1.14.

About Commerce.com

BigCommerce Holdings, Inc operates a software-as-a-service platform for small businesses, mid-markets, and large enterprises in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and internationally. The company's platform provides various services for launching and scaling e-commerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integrations. As of December 31, 2021, it served approximately 60,000 online stores across industries.

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